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20130102
20130102
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MSNBCW 10
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FBC 6
KPIX (CBS) 6
CNBC 5
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English 77
Search Results 0 to 49 of about 78 (some duplicates have been removed)
MSNBC
Jan 2, 2013 9:00am PST
, president obama, got a bargain, and the debt ceiling. your losers, gop leadership, but then you repeat president obama and the debt ceiling. >> i think obama basically won by luring the gop down the rabbit hole and biden won because he told mitch mcconnell, i hope you get out of the rabbit hole and close up the hole. i think the debt ceiling discussion is going to be about spending, as it should be, and the problem is that becomes a real mess. so that makes us a loser, and i think obama loses because i think he missed, again, an opportunity to put a real framework on the table in this whole debate. >> all right. let's go to kurt. kurt, you picked tax sanity, president obama, middle class. and anti-tax absolutionism, grover norquist, sensible, no-drama bipartisanship, and long-term honesty. >> congress is losers, whether they were two weeks ago, they are losers today. i do think -- it's interesting, it's as if the special upper middle class lobbyists carved out win-win for them, because, of course, the payroll tax increase stops at $115,000 or $120,000, and people, you know, up to $400,
ABC
Jan 2, 2013 11:00am PST
over the debt ceiling. last night president obama declared he is not willing to debate congress on the borrowing limit. >> we can't not pay bills that we have already incurred. >> president obama said if congress refuses to raise the debt ceiling the consequences for the global economy would be catastrophic far worse than any fiscal cliff. >>> another high profile vote could come towed. this morning president obama told house republicans they should vote now on hurricane sandy aid, quote, without delay. this has new york lawmakers chastised house republicans for deciding to put the vote off for a few months. people in the region are still trying to recover with the worst winter months still ahead. the senate approved a $60 billion measure friday while a house committee drafted a bill about half that size. >>> students from sandy hook elementary got a sneak peek at the campus where they will go back to school tomorrow. an open house was held this morning at a school in nearby monroe. they have refurbished it and making the classrooms look just like those in sandy hooks. they brou
KCSMMHZ
Jan 2, 2013 2:30pm PST
the debt ceiling. president obama said he is not willing to talk about that, he is not willing to compromise on that. i think this is wishful thinking. he asked to do that because the congress has to agree on that and the republicans -- he has passed to do that -- he has to do that because the congress has to agree on that. >> to find out how global exchanges have responded, we will hear from frankfurt in a moment. first, this report on the first trading day of the year, starting in asia. fanfare for the start of the new trading year in south korea. analysts here are optimistic, despite the eurozone's continuing debt crisis and concerns about flat economic growth in developed countries. news that washington had sidestepped the fiscal cliff boosted markets across asia. >> people are very relieved this morning because the u.s. is very likely to fix their own problems in the next few days. >> the kospi index had a rise of 1.7%. the hang seng climbed above 23,000 for the first time in more than a year-and-a-half. most analysts are still urging caution and say that many of the world
MSNBC
Jan 2, 2013 8:00am PST
compared to the debt limit. in terms of president obama having these big things he wanted to accomplish, he talked last night about energy reform, he talked about gun control, he's talked about immigration. a lot of his political capital is going to be used in the next 60 to 90 days on these budget wars. >> that's right. and these budget wars don't knowsly amount to legacy. here's a president who came in like most presidents thinking about a legacy, thinking about history. of course i think obama care will be part it haof it but i t he's looking at immigration and energy, a lot of thing he's wasn't able to do in the first term, to get them done in the second term. a lot of bad blood there between obama and the republicans but also some bad blood there between obama and the democrats. not a lot of -- i think not a lot of improvement obama has shown over he's last weeks in terms of his relationship with congress. i think that's something he certainly needs to work on if he's looking at legacy, if he's looking at these big ticket items to push them through in his second term. in a couple of mo
LINKTV
Jan 2, 2013 8:00am PST
spending and debt. obama told congress he expected them to approve an increase in the nation's borrowing authority in the coming months, as well as director attention to other issues that have fallen by the wayside during the fiscal cliff hanger. >> today's agreement enshrines the principle into law i think will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is our our economy works best. we can settle this debate, or the very least, not allowed to be so all consuming all the time that it stops us from meeting up host of other challenges we face like reading jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from harmful effects of climate change, boosting domestic energy production, protecting our kids from the horrors of gun violence. >> the new year's day a vote to approve the fiscal cliff deal was a reversal for house republicans who had opposed it for not cutting deeply enough into social programs. house speaker joh
MSNBC
Jan 2, 2013 12:00pm PST
these talks said the final fiscal cliff deal will address the debt ceiling so we never go through that again. obama changed the position and said we will do a year or two extension and now this final deal does note have the debt ceiling at all and his position is we are not going to negotiate next month and my position is didn't they just negotiate? >> they did and here's a story i will tell you. i spoke to a high ranking democratic aide and if you can have anything back from that term in 2009 and 200010, i wish we extended through 2020. this fight is going to be routinely happening with house republicans. i'm with you. i think that president obama cannot say they will not negotiate. house republicans want spending cuts, but what's to stop them from asking? what's to stop them from asking for raising the medicare rate? all these things obama put on the table. as we saw, they will go up to the edge and they have no qualms about it. we downgraded for the first time in the nation's history. i'm with you. i think it will be the hot topic and i will be followed by government funding fight within
CBS
Jan 2, 2013 4:00am EST
the deep spending cuts necessary to pay down our nation's debt. and the bill now heads to president obama for his signature. terrell? >> tara mergener in washington this morning. thank you so much. >>> still the measure passed with bipartisan support. the deal die provided the leadership in the house. speaker john boehner and paul ryan voted yes, but house majority leader eric cantor who led a brief last-minute charge against the deal and kevin mccarthy voted no. earlier i had a chance to visit to politico's congressional reporter. we talked about how the bill got through the house and the political ramifications of sealing the deal. hughes republicans were earlier considering a deal with more spending cuts. it was different than what the senate passed. what ended up happening? kwhie did republicans change their minds? >> basically they knew if they tried to make any changes that the senate had already sent over to them it would greatly prevent getting it done. harry reid, the senate majority leader said it's going to be very, very tough. a lot of them were tired. the senators were alread
CBS
Jan 2, 2013 12:00pm EST
not include spending cuts, and lawmakers will soon be fighting over the debt again. >> reporter: president obama landed in hawaii this morning to resume his holiday vacation. he left washington late last night after lawmakers approved a bill that prevents a middle class tax hike and delays automatic spending cuts. congress and the white house struggled to get the deal done, and neither republicans or democrats seem pleased with the outcome. >> someone stop hitting you in the head with a hammer and you're supposed to say thank you so much for the relief. >> reporter: many voters are upset it took lawmakers so long to reach a compromise. >> i think we needed a deal. i'm not necessarily all together happy. >> reporter: the measure raises taxes on families making more than $450,000 a year and extends long-term jobless benefits for a year. but the package does not include spending cuts as many republicans voted against it. >> i would like to be speaking for this bill but i can't. >> reporter: congress steered away from this fiscal cliff at the last minute, but another showdown is just around th
MSNBC
Jan 2, 2013 2:30am PST
for president obama. republicans hope that in the next couple months when they're negotiating the debt ceiling, the other deals ahead, that's when they will get their pound of flesh. hard to see. the place this hurts the president is in his second term agenda now there's all this fiscal overhang. the president last night saying get rest, we have a lot to of work do in 2013, this overhang will make it difficult to do guns, all the things he was outlining on sunday with david gregory, now the system is full, and it will be hard to do those. >> we'll see you a bit on "morning joe". >> have a lucky 2013. >>> the markets have been keeping close tabs on the action in washington. the last-minute deal on the fiscal chief, is it enough to calm concerns on wall street and beyond around the world? the man with the answer, steve sedgwick is live with us now in london. steve? >> very good day to you. these markets had been on the back foot. we had fallen for five straight sessions before hopes for a deal. on the 31st we saw substantial gains for the dow, nasdaq and the s&p 500. the s&p had a terrific year,
ABC
Jan 2, 2013 5:00pm EST
spending cuts. there lab nasty fight over the debt ceiling. last night president obama said he's not willing to debate congress on the borrowing limit. >> we can not not pay bills that we've already occurred. >> reporter: karen travers, abc news, washington. >>> for all of you holiday eaters, cot overweight actually be better for your health? we'll tell you about the recent study which suggests you may not want to lose those pounds. >>> and how the stievers of sandy hook are moving forward. >>> listen up if you're trying to lose those extra holiday powbd -- pownlsd. researchers found having a higher bmi may have a slightly lower chance of dying. those slightly overbeast were not much greater than a normal rate. now don't get too excited, though. experts warn the study does not prove that being overweight is a good thing. >>> scientists say for the first time image tests show fructose can spark brain images. women who spent eight weeks practice -- eating fructose, the brain doesn't register it. researchers say the study is too small to offer proof but does add to the evidence th
NBC
Jan 2, 2013 5:00am EST
the government overspending. >> and the debt ceiling. president obama urged congress to raise it. >> we cannot not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bill. it was just in time for nervous investors as markets reopen this morning. tracie potts, wbal-tv 11 news. >> police are investigating two new year's days shootings. what happened on caroline street. a man was shot in the abdomen. police investigating a separate shooting in northwest baltimore that happened after 4:00 p.m. near druid hill avenue. a man was suffering a gunshot wound to the shoulder. >> for many, ringing in the new year was cause for celebration. there was a big party at a hotel that prompted three calls. jennifer franciotti has more details. i understand this ran the gamut of incidents. >> their credit been too many people. overnight, they answered three separate calls for a stabbing, a fight, and some kind of drug overdose. partygoers report having a great time at the atrium. there were about 1000 people at thi
CBS
Jan 2, 2013 4:00am PST
. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for the first time in u.s. history. >> consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. >> but many say the debt limit debate is the last chance femme them to secure the deep spending cuts necessary to pay down our nation's debt. and the bill now heads to president obama for his signature. terrell? >> tara mergener in washington this morning. trar, good to see you. thank you so much. >>> still the measure passed with bipartisan support. the deal die provided the leadership in the house. speaker john wayner bane speaker john boehner and former gop leader paul ryan voted yes but house majority leader eric cantor who
CNN
Jan 2, 2013 8:00am PST
.4 trillion debt ceiling which is likely to stir up another ugly fight. president obama is already positioning. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environmen
CBS
Jan 2, 2013 6:00am PST
to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings up in the north bay valleys. and frost advisories inside the bay in toward the santa clara valley so a cold start to the day. these temperatures running down in the 20s and some mid-30s. waking up to some widespread frost outside. if you are heading out the door this morning, grab your jacket. it is going to be chilly. temperatures right now 27 degrees in santa rosa. 30 in livermore. 34 degrees in san jose. and 30 degrees in the napa valley. only moderating as you approach the coastline, 45 into san francisco. high pressure giving us clear air and dry conditions. the storm track well to the north. that's going to play out over the next few days and chilly mornings ahead here. and then the temperatures by the afternoon gen
MSNBC
Jan 2, 2013 11:00am PST
the conversation is at this point. the debt ceiling is something congress has to vote on unless president obama does something we have never seen before. >> and republicans as we read the bottom of the screen, they are vowing to use the debt ceiling as leverage. is that going to work? do they have that leverage? we spoke with adam schiff and he said everybody has a little bit of leverage and everybody has to give a little bit. >> depends on what you mean by work. work for who? is it going to work to hold up a process where maybe they get more spending cuts? perhaps they will get more spending cuts in that respect. will it work for the party brand nationally? i'm not sure it will. the brand has taken a big hit with the debt ceiling fight and this one. i'm not sure it can get much lower nationally. for those numbers, they are not at risk unless they voted for that measure last night and would be at risk more of a primary. they don't have to worry about national elections. that's not what their concern is. on the politics, i'm not sure it works for everybody, especially house republicans on whethe
FOX News
Jan 2, 2013 3:00pm PST
then you vastly increase the debt because the treasury is now starved. so obama wants to say the tax cut and he has all kind of new language, which explains everything. in fact, last night he said in the victory lap he said oh,be yes, we may have to cut spending but we have to increase our invest in the education, r&d and road and bridges. investment is the liberal world for spending. no interest in outing can spending. he announced last night that i am a pre-clintonnian tax and spend democrat and i will increase taxes more and increase spending. >> bret: do you bye that? >> i don't know is the truth. i talk to people about this. including democrats who are disappointed who are hoping there would be deficit reduction. they feel the political people won on the issue. that the policy people in white house really are serious about the deficit reduction. but political people saw a chance to dance on the republicans grave. they feel like they had a big win. so now will they try to do something as we come up against the next deadline? the fact that i can't answer the question or say that presi
FOX News
Jan 2, 2013 12:00pm PST
be ahead for president obama. >>gregg: so the deal does nothing to fix the deficit, nothing to fix the profligate spending, especially entitlements, and nothing to fix the debt ceiling which was the demand of obama, and it does nothing to fix the fiscal cliff. >>guest: it answers the tax issue. it gets us beyond what the deadline was that was set by congress, some kind of slightly coherent way, the spending...it depends on your political views. some will say it is not and needs to be protected. others say it needs to be dramatically cut. what needs to be addressed is the fact that medicare, social security, will not be able to pay for themselves in the coming years. some method of constraining the costs or altering the revenue that funds them has to be deviced. >>gregg: during the president's four years we have gone from $2.9 trillion in spending to $3.8 trillion, which is 30 percent increase in spending. by any definition that is profligate spending. >>guest: the president's office would say, he inherited two wars that were immensely expensive, he inherited a bad economy that was
CBS
Jan 2, 2013 5:00am PST
to pay down our nation's debt. the bill now goes to president obama for his signature. back to you. >> thank you. >>> most overseas stock markets jumped higher today on news that the u.s. "fiscal cliff" has been averted. here's the kospi stock exchange in korea celebrating its first trading day in 2013 it finished up today, as did hong kong, germany, australia, britain and france finishing up. the new year's first day of trading in the u.s. set to begin in an hour and a half. >>> the house stayed late to pass the "fiscal cliff" package but members left without agreeing on federal aid for victims of hurricane sandy. the senate already okayed the $60 billion measure. new congress will be sworn in tomorrow. >>> well, on weather news it's freezing out there this morning literally and we have cbs 5 reporter anne makovec feeling the freeze in san rafael. good morning, anne. >> reporter: i have been watching the temperature here behind me at this bank in san rafael. it's below zero, elizabeth, celsius at least. 26 degrees fahrenheit right now. a freeze warning in effect for the north bay
FOX Business
Jan 1, 2013 11:00pm EST
obama, first off said that he refuses to have a debt ceiling fight with congress. it's really up up to congress because it's congress that passes an increase and republicans have a very different view on that. we have already started the debt ceiling fight a few minutes after the congress has passed a fiscal cliff deal. on top of that coming here from the president about the next round on deficit reductions, saying that he wants to have the wealthiest corporations and individuals take advantage of fewer tax loopholes. he asserted that his rate increase and now he wants to deal with loopholes and deductions. he says that he wants more spending and investments at the white house calls it on infrastructure and research and development and pretty much the same fight we have been having over and over again for the last four years. the president outlined his position. not really anything new. republicans have been outlining their position. mitch mcconnell is out with a statement saying that we need to get a handle on spending. let's get moving on spending reductions. so we now have the ne
ABC
Jan 2, 2013 4:00am PST
spending cuts first. president obama says congress has an obligation to raise the debt ceiling. and that is not negotiable. >>> just days after u.s. officials blame the popularity of apple devices for a rise in crime, there was a heist in paris. armed robbers hit the main apple store there after it closed. they got away with more than $1 million in apple product, such as the iphone 5. $1 million worth. >>> but the iphone 5 is so last year, apparently. apple seems to be getting ready for this year. there's signs we could see another tim cook announcement this spring for an iphone 6. developers are seeing markers left behind by new devices left at apple headquarters. those markers say iphone 6. >> bigger, faster, stronger, everything. >>> and poor warren buffett, no longer the third-rich et billionaire. the bloomberg billionaire inthe exsays amancia ortega has a net worth of $57.5 billion. second-richest is bill gates with $63 billion. and number one is mexican telecommunications magnate carlos slim, with $75 billion. buffett falling to fourth. >> you are fifth on that list, righ
FOX Business
Jan 2, 2013 12:00am EST
we're stuck with another four years of esident obama's economic policies, higher taxes, more debt, but you can make money. i promise! i recently got the low down on exactly what to do from spencer patton, e chief investment officer at steel vine invements. he started off givi his recipe on how toandleax changes for capital gains and dividends. >> capital gains taxes are going higher. it's just a matter of how much higher they are going. the smart thi to do, whether you own a business or own stocks is to sell. if you hold from december 31st to january 1st, you're taking somewhere between a% to a 15% hit because you're going to be paying more taxes. it's rising from 15% on longerm term capal gains. first, raise capital. sell what has been winnin foru. you. melissa: get out while the getting is good. we saw that in the target -- stock market the past two days. the second thought is buying a single family home, how come? wh >> do what warren buffet does. it's a great strategy. if you can do anything, he would bu 40,000 single family homes and use them as rentals. that makes sense here
FOX
Jan 1, 2013 11:00pm EST
to keep milk prices ffom spiking. , mr. obama can expecttadded pressure in a matter of weeks when the nation's debt ceiliig must be raised again..hall says "we made mistake increase debb limit first time gave that guy all money to buy same mistake now." mr. pbama sayy congress shouldn't do that, eccase it holds the country's credit ratinn hostage to partisan demands republicann feel thaa's the haapen. 3 coller weather on the way.. ere's tony paggottithe way.. &ppagnotti one-hundred and fifty years ago today... presiddet abraham lincoln signed andd issued he emancipation proclamation, eclaring that slaves in rebel statts shall be "forever free." molly line looks at how we are today.erinn that moment today..- 3&butteefield says: "this is amerrcan history that eveey individual must understand and proclaamed the freedom of the nationns slaves.tooay, in the house of representatives... putterfield says: "today, mr. speaker, we commemooate 150 years of freedom ffr african american itizens."the landmark document came as a divided nationnneared itss thhrd year of the grueli
NBC
Jan 2, 2013 12:00pm EST
the president to work with congress to address over spending. >> and the debt ceiling. before leaving for hawaii early this morning, president obama urged congress to raise it. >> we cannot not pay bills that have already been incurred. if congress refuses to give the united states government the ability to pay the bills on time, the consequences for the entire global economy will be catastrophic. >> no word yet on when the president will sign the new bill. technically it was a day late, but the markets reopened this morning. from washington, i am tracy potts. >> reaching a deal on the fiscal cliff has not -- lawmakers on both sides of the aisle are pressing outrage after it the house adjourned without a vote on a bill providing aid to victims of superstorm sandy. representatives from both parties are calling ending the term without a vote inexcusable. >> absolutely inexcusable, indefensible. >> some lawmakers are suggesting the decision to forgo the vote was made because the affected areas are in blue states. >> we started this morning with a little bit of cloud cover. we have mostly sunny skie
FOX
Jan 2, 2013 5:00am EST
of tobacco.let's have washington don't recall president obama - or any one member of congress campaign on tth promise that or they'd give us trillion national debt bigger than the gdp. or middle class wealth would lummet. or they'd take extravaganntvacations while &pworking ameriians goowithout. us.2012 is the year of tte big lie. pooiticians claim they - spending ann pay for ii with minor adjustments here and &pthere. the math doesn't add-up.now, they accuse aaloophole is when someone s. deductions for mortgage interest or ccaaitable contributtoos are not loophooes. it's ppoolee complying with the law. it's pax pplicy created by the goveenment. if dc politicians then do it. but don't uss loaded terms to mply law-abiding citizens are tt blame for our nation's fiical mess.onll ccngress and the president aae to blame. they think the public is stupid. we're not. but many of us believed - and ssill beeieve -- all the lies.for more on us on twitter and facebook.i'm mark hyman. firearms and the mentally ill. the changgs that cculd happen in maryland...on fox45 news at five.3 p3 3
CBS
Jan 2, 2013 4:30am PST
's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day of trading begins in about two hours. >>> people affected by hurricane sandy will have to wait for the next session of congress to learn the fate of a federal aid package. the senate already passed the $60 billion measure but the house ended without voting on it. the new coming will be sworn in tomorrow. >>> and as lawrence just said, it is a chilly morning in the bay area. but don't light a fire. today is a "spare the air" day for the bay area, the second one at what -- the second one in a row. air quality officials say they might have to declare another one tomorrow because of air pollution that's beyond healthy levels. >> it creates unhealthy brea
MSNBC
Jan 2, 2013 3:00pm PST
? are they going to threaten to impeach him if he just pays the debts that the congress itself racked up. that would be suicidal and it's political stupidity. i think obama would relish that. i think if they give him the debt ceiling as a part of package for nothing, he'll take it in there. but, other than that, i really do believe he's not going to negotiate over there. and he's going to find a way to pay the debts, whether it's the 14th amendment, whether it's -- who knows. >> i agree with you. and i did read woodward's book. i think the president wants part of his legacy to defend the white house. let's look at some other things that we're going to have to deal with and see a fight over this year. let's look at immigration reform, dr. peterson. after the dismal results, can they afford to block immigration reform, professor peterson? >> i don't think they can afford to do it, reverend al. i think they're put on display in this most recent election and you're seeing some of the signs and some of the members of the house and some senators who are suggesting to the reform is key. i think
FOX
Jan 2, 2013 6:00am EST
on -- inability to agree on deficit reduction measures the last time the debt ceiling had to be increased, that was just five months ago. president obama last night warned republicans not to hold the government hostage over the debt ceiling again. >> we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. >>reporter: now, the u.s. went over its debt limit of $16.4 trillion debt limit on monday. yesterday treasury secretary timothy geithner sent a letter to congress telling them that the treasury has begun to take extraordinary measures to keep paying its debts but warned that those measures will run out on february 28th. wisdom and sarah. >> all right, melany, thank you. >>> after days of dealing with fiscal cliff negotiations, president obama will return to hawaii to finish his vacation. the president left last night and the obamas began their annual end-of-the-year vacation back o
CNBC
Jan 2, 2013 4:00am EST
obama warns us he doesn't want to go to the brink in the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in december. and the november number for orders 44.2. the eurozone in sort of the slowdown in the eur
NBC
Jan 2, 2013 6:00am EST
. >> and the debt ceiling. before leaving for a whole lot president obama urged congress to raise it. >> we can't not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bill. it was a day late but it was just in time for nervous investors as markets reopen this morning. tracie potts, wbal-tv 11 news. >> county police had a busy new year's morning. officers responded to three separate calls. >> jennifer franciotti is live outside the crown plaza hotel with more details for us. >> do you think it happened just after 1:00 a.m. we know that police are still investigating but it could be a matter of too few security guards. this hotel hosted a new year's eve party. >> they did it at a hotel so you can get a room and drink and not worry about driving home. none of that. do you know what i'm saying? they did a good job of putting this together. >> about 1000 people in the atrium. >> a lot of different promoters getting together to throw a party. we are still here. we are about to enjoy the rest of our
CNBC
Jan 2, 2013 12:00pm EST
as much volatility from the debt ceiling debates despite what obama said. not because there's not going to be controversy but the markets going to say we got the fiscal cliff despite the rancor. i added a little spike to walter and also added a little to the bonds short and i think that's the play this year. >> we have the virtual dr. j. with us as well. last week for the first time in more than 30 years you had no positions in the market. for those who said we were going to sell on this news, they were wrong at least for today. have you changed your position in the market? >> i don't know if they were wrong on this news. in other words i think we all said, judge, if we get the deal we're going to see a rally of about 50 handles in the s&p. take a look at the move we've seen, 50 handles exactly. i mean, we just broke through 1400 last friday or monday this past week, right? where did we get to today? i mean, it's a 50 handle move. should it have been sold in time will tell. i do think that the fact that the consumer is not going to be hit with these clinton-era tax increases, i think th
CNBC
Jan 2, 2013 9:00am EST
/2 months when the sequester is over, when we'll have to deal with the debt ceiling. president obama has already said he will not negotiate op the debt ceiling. these are huge issues for the market. we're staring down the barrel for the past two sessions, you have to wonder as a trader, what do you do with this gift that you've got at the beginning of the year? do you sell this? >> don't trade it. >> don't trade it? hold? >> s&p up 16% last year. traders didn't get that gain. they didn't get the dividend. they went all about this risk on/risk off nonsense. i will stamp this stuff out in 2013. i'm steam rolling. >> are we forgetting about the fed essentially giving away free money for the next few years? >> so go buy some gold. >> all right. let's get more on the fiscal cliff deal that was struck on capitol hill. there are a lot of nuts and bolts inside of that. cnbc's chief washington correspondent john harwood is here. i guess we can leave out the aid to the asparagus farmers part. >> we can leave out that part, brian. i'll go through all the details with you. as you guys were accuratel
FOX Business
Jan 2, 2013 11:00am EST
passed, president obama says congress, and then hementses an increase in the debt ceiling, no strings attached. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. adam: president doesn't want another debate, having another debate, this from the house speaker boehner after the bill passed, and now the focus is spending. that he re-elected a republican majority in the house, using it in 2013 to hold the president accountable for the balanced approach promised, meaning significant spending cuts and reforms to the entitlement programs driving our country deeper and deeper into debt. just earlier today, the speaker's office confirmed any amount of cuts, any amount of increase to the debt ceiling has to be accomp
FOX
Jan 2, 2013 12:00pm PST
cuts for two months and the country is hitting the debt ceiling. >> three set up three more fiscal cliffs. we are gonna look back on this night and regret it. >> president obama rejoined his family in hawaii this morning. the white house had no immediate details when the president will receive and sign the bill. >>> well, stocks are sharply higher due to the fiscal cliff deal but some market watchers are cautioning that the euphoria could be short-lived because of the many challenging issues that remain unresolved. the dow is slightly off, but remaining up more than 200 points. it's up now 235 at 13,339. well, despite the fiscal cliff deal, everyone's paycheck will still be at least a little bit smaller this year. ktvu's janine de la vega is in los gatos to explain about the end of the payroll tax holiday. >> reporter: good afternoon. this tax cut has expired and it will affect every wage earner. most people that we spoke to this morning had no idea that it would affect their paychecks this year. now, here's what workers need to know -- the -- the past two years, americans were enj
FOX News
Jan 1, 2013 11:00pm PST
. it can't be done. no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes across the board. >> bill: now, governor dean sympathizes with the socialist philosophy and that's where the country is heading. taking from those who are productive and giving to those who are struggling. or who are working for the massive government apparatus. during this christmas season, i think we all should emulate officer deprimo, we should try to help those in need, but that help may be futile, if the government doesn't wise up and stop the incredible entitlement spending, america's economy will eventually collapse. president obama needs to invite jeffrey hillman to
FOX News
Jan 2, 2013 2:00am PST
a president now who is not interested in either. tax reform is the one thing that his debt reduction commission recommended. there is a consensus in the country when reagan worked it out. obama made it clear he wants the rates to stay up he will eliminate deduction that's all he wants is higher revenues. that will be a titanic struggle that will not be solved at debt ceiling time. >>> the president also weighed in on the debt ceiling saying he will negotiate over many things but will not have another debate over the debt ceiling. >>> it is time for your top 5@5:00. the fiscal cliff vote wasn't the only drama in the house late last night. anger erupted on the house floor after alaw americas learned thee would be a no vote for super sandy victims. they were expect ago vote on the measure before the term ends tomorrow. but republican leaders suddenly ended the session last night prompting outrage from both sides. >>> everybody played by the rules until the rug was pulled out from under us. we have a moral obligation to hold this vote. >> mr. speaker, we cannot turn our backs on our citi
NBC
Jan 2, 2013 5:00pm EST
. another debt ceiling crisis like the one last year that damaged the credit rating. president obama vows no repeat. >> i will not have another debate with this congress on whether not we should pay the bills they have already racked up. >> the president thinks he is not going to negotiate, think again. he is not emperor of the planet. >> it might take a default, another downgrade. serious economic consequences to told us back to some kind of reality. that is a frightening prospect. >> of the congressional scholar says it could look like a tribal war appear. >> the agreement doesn't address all the fiscal problems, but they're coming together to avoid part of the economic turmoil. >> i really admire the republicans that came together with us so that we would not go into sequestration. >> the lesson i hope we have learned is that democrats and republicans need to come together much earlier in the process and do it in an earlier way. >> we are breaking down how the last minute deal has fallen into place. lower and middle income taxpayers are big winners, but there are also big losers. we ha
ABC
Jan 2, 2013 4:30am PST
in march we may see another round of fighting. president obama says he hopes congress can reach an agreement with a little less drama. >> katie: what are the chances that republicans go along with raising the debt ceiling? >> we've seen there fight before. republicans will probably have to go along with it because the country will reach its borrowing limit, but republicans see it as bargaining tool. they wanted deeper spending cuts and deficit reduction and probably end up getting it. >> katie: thank you. today one of suspects in a murder of former winery owner at his mansion will be in court, 21-year-old javier garcia will be arraigned and 23-year-old man should be in court and lou cast anderson was already arraigned and one other was booked as an accessory in the death of his mansion during a home invasion in november. our media partner says they portray him as a ruthless businessman accused of hiding millions of dollars of assets from creditors. >>> dramatic new video of the arrest of the driver that killed two people while running from police in san francisco. police approac
FOX News
Jan 1, 2013 6:00pm PST
of a presidential agreement to cut spending means even if the senate measure passes the house mr. obama can expect added pressure in a matter of weeks when the nation's debt ceiling must be raised again. >> we made the mistake when we increased the debt limit the first time and gave that guy all the money to buy votes with and we shouldn't make the same mistake now. >> the president says congress shouldn't do that because it holds the nation's credit rating hostage but some republicans say that s the only way the guts will happen. bret? >> bret: as you look live at the house floor we should point out that these are house controlled cameras. we don't control these familiar as. as you look at congressman dreier speaking on the house floor what you can't see is there are not that many lawmakers in the house chamber, in fact, just a few. we just got word that house minority leader nancy pelosi has walked in but there are just a few people listening to congressman dreier. you are one of them here as we have dipped in a couple of times. bring back our panel to talk about the specifics of this legislatio
FOX Business
Jan 2, 2013 9:20am EST
are the real dangers. president obama has fed that fire like no other president in recent history, just like europe, but like europe, america will eventually have to face the hole that president obama has dug. that hole is called debt. you cannot keep piling it up forever, scene you can't make the rich pay for it all. it's a moral and financial big trouble just like europe. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work t
MSNBC
Jan 2, 2013 2:00pm PST
will be over the debt ceiling. i don't know if republicans will play that card or not. but the president will be hard pressed to argue for more taxes when he just had two tax increases. he had the obama care tax increase which starts today and the tax increase on the fiscal cliff deal. so i think the democrats are not in as strong a position as they think they are. >> politico this morning had a dramatic account of an exchange last week in the white house between john boehner and harry reid. this happened before the deal had been reached, i should point out. according to politico, boehner had strong words for the senate majority leader quote, go f yourself boehner. as he pointed his finger at reid. reid a bit startled replied what are you talking about and boehner then repeated it. go f yourself. they didn't cut the deal. in the end it was vice president biden and the senate majority leader. what does this say about the inability to work together? >> i also like the fact according to that story that boehner then went around bragging to everybody he said that to reid. i think they were bo
CBS
Jan 2, 2013 7:00am EST
back on this night and regret it. >>> president obama urged them not to fight politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return to a repurposed school. >>> an open house is set for today. >>> a shell oil rig has run aground off the coast of alaska. >>> no oil is leaking. all members have been evacuated. >>> they captured photos of justin bean 'eers car. >> but he wasn't driving, and he wasn't in the car at all. >>> what a hit! >> he says i'll take care of business. >>> all that -- >> a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. >> makes me cry. >>> -- and all that matters. >> members of congress are for ru
CNN
Jan 1, 2013 10:00pm PST
decisions. president obama have said that. they understand that spending cuts do need to happen and reducing the debt and deficit is absolutely a priority for them as well as for their voters, but i think they're in a very strong position going into that to do it in a way that is fair, balanced, and in a way where the most vulnerable americans will be the ones that will be hurt the most. >> for those of you who just joined us, the house has passed the bill, the final tally is 257 in favor, 167 against. markets around the world are reacting to this. the major markets that are open are australia and south korea. australia is up about 1.9%. south korea about 1.4%. that might be a harbinger about what they're going to see. they're tallying up and doing procedural stuff. we're waiting for president obama in about the next nine minutes or so to come out and make a statement. john, we're sort of nowhere further than we were and we have three major things in front of us. number one, we hit the debt ceiling on december 31st, which means they've got maybe a month before we have another debt ceiling de
MSNBC
Jan 2, 2013 3:00am PST
obama attempted to draw a line in the sand on the upcoming debt ceiling showdown. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged. business investment plunged. growth dropped. we can't go down that path again. >> there is that. there are things that had to be prevented, mark halperin. frame the battle ahead. >> the president wants to keep the debt ceiling vote out of this. and on the merits, except for the fact that he once voted to not raise the debt ceiling when he was a senator, he's right --
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